NYK to issue first Green Bonds in shipping industry

NYK will issue green bonds (Unsecured Corporate Bonds No.40) in a public offering in the Japanese market in May this year. NYK becomes the first company that publishes green bonds in the international shipping industry.

In a green bond the proceeds are used for funding environment-friendly projects. Incorporating the ESG (Environment, Society, Governance) in the new medium-term management plan "Staying Ahead 2022 with Digitalization and Green", NYK wants to support sustainable development.

We are planning to expand our resources to raise funds by issuing green bonds and to recognize a wide range of stakeholders about our proactive approach to environmental investment.

NYK will receive a Second-Party Opinion from Vigeo Eiris, to secure the eligibility and transparency of the Green Bond.

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The Green Bond was given the approval of “a model case for the Green Bonds issuance in fiscal year 2018”, by Japan's Ministry of the Environment. When the Green Bond Guidelines are confirmed by the Ministry of the Environment, another announcement will be made.